Scott Smith
Investors often prefer commissions rather than fees: Cerulli AssociatesPosted by RJ and Makay on Jun 09, 2011 |
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A new report by Boston-based research firm Cerulli Associates indicates that investors prefer to pay commissions rather than fees for their financial advisory services. Of the 7800 households surveyed, 47% said they prefer commissions as compared to 27% that would rather pay a fee based on assets under management. About 18% of survey recipients prefer negotiated lump-sum retainer fees, and 8 percent choose an hourly fee structure.
a dose of new talent to its financial advisor teams this week, with the revival and revamping of a financial advisor training program that was on hold for almost two years. Members of the firm say that approximately 150 rookies across the country are participating, with most new hires coming from the top 15 markets such as New York, Chicago and other big metro areas and wealth centers selected through expansion efforts implemented by brokerage chief Robert MacCann.
